Will each of the following cause a shift of the long run, Ask an Expert

Economics

Factors shifting both the SRAS and LRAS.

Will each of the following cause a shift of the long run aggregate supply curve or a movement along the LRAS curve?

a. The price level increases.
Because this is a change in ______________________. The LRAS curve will ______________.

b. The labor force increases.
Because this is a change in ______________________. The LRAS will ______________.

c. There is an increase in the quality of capital goods.
Because this is a change in ______________________. The LRAS will ______________.

d. Technological change occurs.
Because this is a change in ______________________. The LRAS will ______________.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M919876

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